To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Not exactly the same area, but there are a lot of parallels to owning and managing in both locations.

Thank you.By now you may know more of what's going on, and it does not look good. 

More people moving to a city is more potential tenants. 

We are gonna need a lot more popcorn. ya I dont know who this guy Goodin is or why Melanie chose to single him out..

Permits and inspections of everything in city of Miami was overwhelming but I learned a lot

I have seen a lot of fake lenders use NV LLC or have a vegas Po box.. that i understand but is there more to this in your mind ??

You will find a lot of options inside the loop for multifamily ( I especially like Ryon area) , or you can look at stuff in the west and northwest suburbs like Katy Cypress and Spring.  

Check your insurance, I’ve seen a lot of people specialize in renting to group homes or care facilities so there must be a commercial policy for this.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.